DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Every day there is a very high volatility which gives many trading opportunities.

Summary session 11/01/2016

Yesterday’s session on the German Stock Exchange ended with large declines of the main index DAX. Markets fear that  Donald Trump could win after appeared  the information  that  the investigation against Hillary Clinton reg. Mail Leaks  was resumed.

DAX index rebounded from the resistance level at around 10,700 points and  stopped only on the support of close to 10500 points. Today, the level of support was broken and index is heading towards the next support 10400 points.

dax30daily

DAX Intraday

Let’s see how looks the situation on the intraday chart M15. DAX Index drops from morning heading toward 10390 points. In turn, the next resistance level of 10460 points.

Key data for DAX

  • 9:55 – German Markit Manufacturing PMI
  • 10:00 -Eurozone Markit Manufacturing PMI
  • 13:15 – Report ADP
  • 19:00 – Decision FOMC about interest rates
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